WellPoint Rating Reiterated by JPMorgan Chase & Co. (WLP)
WellPoint (NYSE:WLP)‘s stock had its “neutral” rating reiterated by stock analysts at JPMorgan Chase & Co. in a report issued on Tuesday. They currently have a $114.00 price objective on the stock, up from their previous price objective of $109.00. JPMorgan Chase & Co.’s price target suggests a potential upside of 5.21% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of WellPoint in a research note on Friday. They now have a $114.00 price target on the stock. Separately, analysts at FBR Capital Markets reiterated a “market perform” rating on shares of WellPoint in a research note on Thursday, May 1st. They now have a $110.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “hold” rating on shares of WellPoint in a research note on Thursday, May 1st. They now have a $101.00 price target on the stock. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. WellPoint currently has an average rating of “Hold” and a consensus target price of $110.57.
WellPoint (NYSE:WLP) traded down 0.47% during mid-day trading on Tuesday, hitting $107.84. The stock had a trading volume of 407,139 shares. WellPoint has a one year low of $75.02 and a one year high of $110.03. The stock’s 50-day moving average is $102.0 and its 200-day moving average is $93.96. The company has a market cap of $30.160 billion and a P/E ratio of 14.11.
WellPoint (NYSE:WLP) last announced its earnings results on Wednesday, April 30th. The company reported $2.30 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.14 by $0.16. The company had revenue of $17.65 billion for the quarter, compared to the consensus estimate of $17.96 billion. During the same quarter in the prior year, the company posted $2.94 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. Analysts expect that WellPoint will post $8.56 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, June 25th. Investors of record on Tuesday, June 10th will be given a dividend of $0.4375 per share. This represents a $1.75 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend is Friday, June 6th.
WellPoint, Inc (NYSE:WLP) is a health benefit company in terms of medical membership in the United States.
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